The demand for electric power at N.Y. Edison over the past 7 years is shown in the
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The demand for electric power at N.Y. Edison over the past 7 years is shown in the following table, in megawatts. The firm wants to forecast next year’s demand by fitting a straight-line trend to these data
APPROACH Equations (4-12) and (4-13) can be used to create the trend projection model.
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